General Motors posts $9.6 billion quarterly loss

[sweeps]

The nation’s biggest domestic automaker said Thursday it lost $30.9 billion for the full year and expects to state in its upcoming annual report whether its auditors believe the company remains a “going concern.” GM and its auditors must determine whether there is substantial doubt about the automaker’s ability to continue its operations. GM is now burning through almost $85 million a day.

MSNBC article